Chandigarh: Mirae Asset Mutual Fund has announced the launch of two new fund offerings: Mirae Asset Income Plus Arbitrage Active Fund of Fund (FOF) and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund.
The AMC aims to address evolving investor needs through these offerings. One fund uses a dynamic allocation strategy between arbitrage and debt. The other offers passive exposure to high-quality financial sector debt.
The NFO for Mirae Asset Income Plus Arbitrage Active FOF will run from June 16 to June 30 and reopens on July 7.
The NFO for Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund will be open from June 17 to June 23, and reopens on June 26. The minimum investment during the NFO is ₹5,000. SIPs can start from ₹99.
Mirae Asset Income Plus Arbitrage Active FOF
This open-ended fund of fund dynamically allocates between arbitrage and debt mutual fund schemes. The allocation can range from 35% to 65% for each asset type. The fund uses a structured approach that analyzes interest rate trends, arbitrage spreads, and market signals.
The FOF structure enables tax-efficient rebalancing. Long-term capital gains (LTCG) taxation of 12.5% applies after two years. The scheme aims to offer stable returns and liquidity with moderate risk.
Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund
This is a passively managed index fund tracking the CRISIL IBX Financial Services 9-12 Months Debt Index. It offers exposure to AAA-rated instruments such as commercial papers (CPs), certificates of deposit (CDs), and bonds issued by banks, NBFCs, and HFCs.
The fund follows a constant maturity roll-down strategy, holding instruments with 9–12-month tenors. The index is rebalanced semi-annually. As of June 10, 2025, the fund’s modified duration is approximately 0.65 years, with a yield to maturity (YTM) of 6.44%.
Mirae Asset Mutual Fund manages 72 schemes across equity, debt, hybrid, and ETFs. The AMC is part of Mirae Asset Global Investments, which operates in 19 countries.
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